Smith confirmed that they would be included.
Smith discussed the targets laid out by the City for building new housing, and noted that
the City exceeded these targets for the past year.
Foster asked questions about the types of housing being built and how that applies to
current trends. Smith explained that multifamily units might be cyclical and not
replicable every year.
Carroll asked for an update on zoning per acreage. Foster asked if there is anything on
the horizon on next steps, and specific items that are becoming a priority or items that
were not identified as a priority.
This item is open to the public: Risk Management Report
Mayor Buffaloe introduced Nancy Thompson, City Counselor. Thompson then introduced
Kris Eubank who has been with the office for a year now as the Risk Manager. Thompson
introduced the contractors at Huggins Actuarial.
Kris Eubank explained the purpose of Risk Management and the current activities of the
Division of Risk Management, specifically the Self-Insurance Program. Eubank explained
that the Risk Management department is responsible for: Adjudicate Claims, Litigation
Management, Proactive Risk Management, Contract Insurance Review, Indemnity
Agreement Analysis, Certificate of Insurance, Insurance Policies, Vendor Management,
Coordinate Actuarial Process.
Eubank explained the self insurance program and how much money is put aside in bonds
and working with a third party administrator. It includes General Liability, Auto Liability,
Worker’s Compensation, Automobile Damage, and property damage are a combination of
internal funding and outside high deductible insurance.
Self-Insured Retention is the amount that must be paid by the City before the insurance
policy will pay on a policy for an individual claim, similar to a deductible.
Eubank showed how the bonds and monies are allocated for certain liabilities and
compensations. Eubank elaborated that these retentions were set to keep premiums in
mind.
Foster asked what cyber liability includes. Eubank explained that any claim made due to
a data breach. Carroll asked if Flock Data falls under their reliability or the cities.
Thompson stated that it would be under Flock’s responsibility.
Moving on to insurance procurement, Eubank mentioned that we have been working with
Broker Marsh & McLennan Agency for a very long time through a bid process. He
mentioned that the cost of insurance is increasing, which could be attributed to inflation
and medical advances.
Eubank mentioned some items that are handled internally would be mailbox damage from
a snow plow operation. The third party claims administrator will administer property,
worker’s compensations, and liability claims. They will also handle loss reporting
They take the loss reports that they get and do a deep dive. They then use these tools to
try to mitigate these from happening in the future, going back to the department and
really looking at what happened.
Eubank described the prevention measures and programs that Risk Management utilizes
to help protect the city and the employees.
Eubank expanded on the workers compensation duties under Risk Management. These
include receiving and evaluating each report of injury. They additionally coordinate